Question 1

Value  is defined as:

the worth or desirability of a thing .
the desirability of a thing.
the cost of a thing.
the salvage of a thing.
the worth of a thing.
Question 2
Compliance with the many new regulations imposed on organizations has led to
significant IT costs.
 True
 False

Question 3
New standards for internal controls have significant implications on how IT is
managed and IT costs and productivity.
 True
 False

Question 4
One of the most comprehensive challenges of information management is:
implementing information standards.
changing the culture and behavior surrounding information.
setting information standards.
the ability to trust information sources.
All the above
Question 5
IT leaders are now making significant strides in articulating IT strategy 
and linking it more effectively with:
business enabling.
business strategy.
business
improvement.
business opportunity.
Question 6
IT investments do not always deliver the benefits expected.
 True
 False

Question 7
The act designed to protect stockholders, employees, and consumers from
inaccurate or misleading financial reports is called the:
2001 Patriot Act
1934 Securities and Exchange Act
002 Sarbanes-Oxley Act
2004 REVISED Securities and Exchange Act
Question 8
Many business leaders do not recognize the growing importance of IT as a
fundamental driver of business and have concerns about IT's cost effectiveness and
the value it adds.
 True
 False

Question 9
The biggest challenges for CIOs are:
managerial control systems.
organizational barriers.
supportive governance structures.
planning and budgets.
Question 10
IT managers have struggled to deal with negative perceptions of IT's effectiveness
and value for many years.
 True
 False

Question 11
A strategy is an approach to:
exploring opportunities.
doing business.
finding new markets.
evaluating existing markets and competitors.
All of the above
Question 12
Effective business metrics programs should also include non-financial measures.
 True
 False

Question 13
Strategy development should be:
a two way process between the business and finance.
a two-way process between the business and its customers.
a two-way process between the business and its partners.
a two-way process between the business and IT.
Both B and C.

Question 14
Technology road maps allow technologies to be mapped onto a life cycle, creating
an orderly evolution for each technology, which creates business and IT synergies.
 True
 False

Question 15
Problems in delivering IT value can lie with how a value proposition is conceived.
 True
 False

Question 16
It is practically impossible to demonstrate that what a company spends on IT has a
direct impact on its overall performance.
 True
 False

Question 17
The value of IT depends on how a business and its individual managers choose to
view IT.
 True
 False

Question 18
Today technology is being used as a catalyst to drive many different types of
organizational transformation but technology is less likely to drive business strategy.
 True
 False

Question 19
When an organization implements a technology roadmap, IT investments are better
focused which leads to enhanced business results.
 True
 False

Question 20
Different regulations affect business units differently, but all regulations have an
impact IT.
 True
 False